I disagree about the potential accretion. TNT has been building an extensive Pan-Asia network, and a Mideast linehaul network, both could be significant contributions to UPS. However, what price is to be paid for such an acquisition?Aside from not being a good "fit" for UPS, TNT does not offer any accretion if purchased. I suspect such an acquisition would be dilutive to earnings and cause a drop in the stock price. We all know the integration problems this company has had with its prior purcahses and how earnings and stock price has suffered.
IMO, UPS should look to expand Capital Corp similar to what GE has done with its finance arm.
_______it would be a good buy for ups,we are going well in europe but the 2 combined would be a force to be reckoned with as we are up against dhl (deutsche post government owned).
they also have a good foothold in asia and agood expanding roadfreight business through the middle east.i know it would take abit of time to combine centers but its not as if we have done this before ,overnite/lynx (uk) and other various companies we bought in the last number of years.
as with cost we have a nice few bob(money) in the kitty to go on a spending spree.it will be intrested if our new ceo is more agressive in the buying market,we should have bought exel as they were a worldwide company,also danzas as they have a good roadfreight (standard) service aswell as airfreight worldwide. asg in the nordic countries.